We think that the bond markets has erased the expectations of a June tightening and we can reasonably expect interest rate will stay on hold until after the US election in November. The support line are 1.70% that represent a multi-line support for this year. Then other supports are placed at 1.61%, 1.54%, and 1.39%.
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mgiuliani
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On 14th June the target was reached.
mgiuliani
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